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  • Stock market regains momentum after Tuesday’s 1,000-point drop

    Stock market regains momentum after Tuesday’s 1,000-point drop

    The stock market is bouncing back from the steep decline recorded Tuesday, which led to the slashing of over 1,000 points from the KSE-100 Index.

    According to reports, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index gained 1,277.16 points, or 1.17%, to reach an intraday high of 110,173.81, reflecting sustained investor interest amid broader economic stability.

    Wednesday’s rebound, reports said, was driven by renewed investor optimism and anticipation of an upcoming rate cut by the State Bank of Pakistan (SBP).

    The market’s rally reflected strengthened sentiment, as participants shifted focus from Tuesday’s volatility to the broader economic recovery narrative.

    Key drivers include a stable rupee, government incentives for legal remittance channels, and the emigration of over one million skilled workers in the past three years. Reforms targeting illicit foreign exchange trading and easing global inflation have also supported growth.

    Remittance inflows reached $14.8 billion during the first five months of FY2025, marking a 33.6% year-on-year increase, according to the SBP. November inflows alone added up to $2.9 billion, up 29.1%, as compared to the same period last year, though slightly lower than October’s figure.

    Macroeconomic improvements continue to underpin positive market sentiment. Inflation dropped to 4.9% in November, its lowest level since April 2018, paving the way for monetary easing. Analysts widely expect the SBP’s Monetary Policy Committee to cut interest rates by 200 basis points during its December 16 meeting, following a cumulative 700bps reduction since June.

    Foreign reserves received a boost from Saudi Arabia’s extension of a $3 billion deposit for another year and trade agreements worth $560 million. Petroleum sales surged to a 25-month high of 1.58 million tons in November, while the government’s Rs353 billion Ijarah Sukuk auction provided additional liquidity.

    Investors are closely monitoring the government’s fiscal measures aimed at taxing bank profits from investments in government securities. A seven-member committee, led by Deputy Prime Minister Ishaq Dar, has been tasked with reviewing the advance-to-deposit ratio (ADR) framework and building consensus with stakeholders.

    Recommendations are expected by December 31, focusing on meeting revenue targets while encouraging private-sector lending. These measures could significantly impact banking profitability and market sentiment.

    Despite recent volatility, analysts remain optimistic about the PSX’s trajectory. Strong macroeconomic fundamentals, easing inflation, and robust remittance inflows are expected to drive continued market momentum.

    The KSE-100 Index had on Tuesday reached an intraday high of 111,759.58 before profit-taking, geopolitical tensions, and global equity sell-offs, triggered a plunge. The index had closed at 108,896.65, down 1,073.73 points.

  • Attaullah Esakhelvi reveals how his father secretly loved his songs

    Attaullah Esakhelvi reveals how his father secretly loved his songs

    Legendary Pakistani folk singer Attaullah Khan Esakhelvi’s journey to success was filled with challenges, one of which was the fact that his family was against his singing career.

    Speaking at a press conference in London on Tuesday, he revealed that his family, especially extended family, was against his career. “My entire family opposed my singing, especially relatives who now take pride in my achievements and say that I am their cousin.”

    The Kameez Kali singer recalled that his father would punish him for singing. “My father used to punish me, but my mother later told me he secretly listened to my songs.”

    The singer also announced plans to soon release a new song in Pashto. Reflecting on the milestones of his career, Attaullah shared a touching practice that he has adopted. “Whenever I see my picture on the back of a truck, I stop and embrace the driver,” he said in reference to the widespread use of his portraits in Pakistani truck art.

    Attaullah also acknowledged the role of social media in helping new singers showcase their talent. He said that platforms like these made it easier for budding artists to reach a global audience, something which wasn’t available when he first started.

     

     Earlier, legendary singer Attaullah Khan Esakhelvi was invited as a guest on Hafiz Ahmed’s podcast where he talked about his five marriages for the first time.

    “My first four wives told me they couldn’t spend time with me and couldn’t manage living with me, so they left me. That’s why I had to marry a fifth time.”


    During the podcast he said, “I drove a taxi before becoming a singer. My father was against my singing career, so I had to do various jobs to make ends meet. Even after I became a singer, my father never listened to my songs and wasn’t happy about it. But my mother would tell me that he would listen to my songs when I wasn’t around.”

    Talking about the founder of PTI, Imran Khan, the Idher Zindagi ka Janaza uth aay ga singer said, “I’ve had a long-standing relationship with Imran Khan – we’re from the same family and area. I travelled with him to raise funds for Shaukat Khanum Memorial Hospital.”

    Attaullah Khan sings his iconic songs like, Dhar Zindagi Ka Janaza Uthay Ga, Bedardi Se Pyar and Te Sohnay Phullan Wali.

  • Ex-ISI chief charged for ‘engaging in political activities, misuse of authority’

    Ex-ISI chief charged for ‘engaging in political activities, misuse of authority’

    Former director general (DG) of the Inter-Service Intelligence (ISI) Lt Gen (r) Faiz Hamid has formally been charged with engaging in political activities and misusing his authority as the chief of the country’s premier intelligence agency, the Inter-Services Public Relations (ISPR) reported Tuesday.

    According to a statement issued by the military’s media wing, the former spymaster was also charged for violating the Official Secrets Act, misusing authority and government resources, and causing wrongful losses to individuals.

    “These actions have compromised state security and interests,” ISPR added.

    According to the statement, the process of Hamid’s field general court-martial (FGCM) was initiated on August 12, under provisions of the Pakistan Army Act.

    Additionally, the military’s media wing said, the former spymaster’s role in creating agitation and unrest, including the May 9 riots, “in collusion with vested political interests”, was also being investigated.

    “Lt Gen (r) Faiz Hamid is being afforded with all legal rights as per the law,” it added.

    The development comes four months after reports said and the ISPR confirmed that the ex-ISI chief was taken into custody by the military on charges of abuse of power and violating the Army Act.

    The former spy chief was in August arrested in connection with a Supreme Court petition filed by a housing society’s chief executive officer, who accused Hamid of land grabbing and stealing valuables during a raid.

    The Pakistan Army, following orders of the apex court, had conducted a detailed inquiry to investigate the complaints.

    Gen (r) Faiz Hamid appointment and retirement 

    Gen Hameed hailed from the army’s Baloch Regiment. He was appointed as the ISI director general in June 2019, replacing incumbent Chief of Army Staff (COAS) General Asim Munir, who was then a lieutenant general.

    Gen Hameed had opted to seek early retirement and sent his resignation to the high command in November 2022, according to unnamed sources. He was made the ISI chief in June 2019.

    The army had announced on October 6, 2021, that Gen Hameed was appointed the Peshawar corps commander, while Lt Gen Anjum was appointed in his place. But the Prime Minister’s Office (PMO) had not issued an official notification of Lt Gen Anjum’s appointment until three weeks later, leading to frenzied speculation of strains in civil-military relations.

    After delays, the PMO had eventually notified the appointment of Lt Gen Nadeem Anjum as the new ISI chief on Oct 26, 2021. Imran had later said he never wanted to “bring his own army chief” and that he “never meddled” in Pakistan Army’s affairs.

  • Nooh Dastagir Butt sets new record at Asian Powerlifting Championship

    Nooh Dastagir Butt sets new record at Asian Powerlifting Championship

    Pakistani weightlifter Nooh Dastgir Butt has set a new record in the Asian Powerlifting Championship, currently being held in Uzbekistan.


    According to reports, Pakistani powerlifting star Butt has set an Asian record by lifting 400kg in squats at the championship.


    Butt also won the first gold medal in the 120+ kg category.


    Meanwhile, medals for bench press, deadlift and overall events are yet to be decided.
    Previously, the trailblazer weightlifting pro won the title of the Commonwealth Powerlifting Champion in the 120kg category. The tournament was held in South Africa.


    He won a total of four, three gold and one bronze, medals in said championship.


    Back in October, Butt also excelled in the bench press and squat categories, winning the gold medal in the 120kg open category. 


    He also won the gold medal in the squat category by lifting a weight of 370kg, while in bench press, he bagged another gold medal by lifting a weight of 210kg.


    He collected a bronze medal in the deadlift category by lifting 280kg. However, in the open category, he lifted a total weight of 860kg and won the title.


    It merits a mention that Butt has won several medals for Pakistan in weightlifting, but after differences with the Pakistan Weightlifting Federation, he switched from weightlifting to powerlifting.

    Pakistani weightlifter expressed disappointment over the lack of support and opportunities provided to him to qualify for the prestigious sporting event of the Olympics. 

    He highlighted the disparity between his achievements and the support he has received from the authorities as he pointed out that a New Zealand athlete whom he defeated at the Commonwealth Games was able to secure a spot in the Olympics.

    In an interview with the Express Tribune, Nooh said, “When my path in weightlifting was closed, I had no choice but to go for powerlifting, and that’s where I also won medals at the national level twice before and won my third title this year.”

     “My next plan is going ahead in powerlifting, I must pursue a career in that,” he said with determination. 

    After this, he started venturing out in powerlifting from there on while aiming to secure a place in the Pakistan squad for the next Olympics, which are to be held in 2028.

  • Drama Review: Tan Man Neel O Neel’s first episode is an absolute banger

    Drama Review: Tan Man Neel O Neel’s first episode is an absolute banger

    Tan Man Neel O Neel is one of the new dramas to premiere this season, and it promises a compelling story that has already caught our attention. Directed by Saife Hasan and written by Mustafa Afridi, this drama highlights critical issues with a gripping storyline.

    I absolutely loved the first episode. The story is interesting, the direction is great, and the performances are standout. There wasn’t a single moment of boredom, and the story kept us glued to the screen.

    Shuja Asad and Sehar Khan, playing Sonu and Rabia, performed well and had great onscreen chemistry. Their roles are different from their previous characters, making them more engaging to watch. Their interaction made me smile.

    Sehar Khan, known for her happy-go-lucky roles, stands out in this performance. I get to see her true talent, which has not been fully showcased before. The chemistry between Sehar Khan and Nadia Afgan as a mother-daughter duo is endearing and very real. 

    The drama also features Sonu as a dancer, a rare sight on our screens. His mother, who seems to have been a dancer too, fully supports his profession. The drama deserves credit for keeping characters and themes relevant and interesting.

    Rabia is shown as a content creator, a relatable role for many young people today. The details, like her selfie stand and mobile phone, make her character believable.

    Kami, the cousin, has two faces: one for Rabia and one as a thug involved in criminal activities. His crush on Rabia is evident, but she handles it diplomatically.

    Saleem Mairaj delivers an impressive performance as Qaiser, a character who unfolds slowly. Initially, he seems like an ordinary villain, but surprising twists show he cannot be underestimated. 

    The drama bravely addresses the issue of men being sexually assaulted by other men, a topic rarely discussed.

    The cast includes Sammiya Mumtaz, Saleem Mairaj, Nadia Afgan, Nauman Masood, Muhammad Usman Javed, Haseeb Khan, Leyla Zuberi, Tanveer Hussain, Ali Ammar, Rubina Naz, and Arsal.

  • Shahrukh Khan has positive thoughts about Pakistan:  Shakeel Siddiqui

    Shahrukh Khan has positive thoughts about Pakistan:  Shakeel Siddiqui

     

    When it comes to Bollywood legends, few have made as lasting an impact as Bollywood king Shahrukh Khan. The superstar is as popular in Pakistan as he is in India.

    And now we know his views about Pakistan.

    Appearing as a guest on Hasna Mana Hai, Shakeel Siddiqui shared an insightful on the actor’s attitude towards Pakistan, revealing a side of SRK many may not know.

     

    A member from the audience asked, “My question is, what was your experience like working with him? And what are ShahRukh Khan’s thoughts about Pakistan?”

    Shakeel Siddiqui replied, “‘Let me answer the second part first. He has very positive thoughts about Pakistan. In fact, many of his family members still live in Peshawar, including his cousins.”

    Shakeel also spoke about his first meeting with Shah Rukh, which wasn’t during a movie shoot but at a show in New Jersey. 

    “As for my experience with him, my first experience with Shah Rukh Khan wasn’t on TV. It was in New Jersey during a show that took place in a casino near Trump’s place, actually, not in Chicago, it was a two-hour drive from New Jersey.”

    Siddiqui added a memorable incident saying, “There was an incident where Shah Rukh was detained at the airport for about three hours, and his luggage was also left behind in England. This was the same show for which he had come. That’s where I met him for the first time. We did several shows together.”

    Host Tabish Hashmi asked, “Did Shah Rukh know you from before, especially from Bakra Qiston Pe?”

    “Yes, it was actually quite funny. There was a man from the Birani Group (a big group that has connections with stars like Amitabh Bachchan and Aishwarya Rai). They invited Shah Rukh, and he came himself. When he saw me, he said, ‘Oh, it’s you, Shakil Bhai!’ That’s Shah Rukh for you, he treats everyone with respect.”   

    “I have noticed this quality in him many times. I think he even mentioned it on TV. He’s a big-hearted person. People don’t become great just like that. A great man makes others feel great too, and that’s something I’ve seen in him,” Shakeel Siddiqui responded.

  • There is an attitude problem in Punjab, says Bushra Ansari

    There is an attitude problem in Punjab, says Bushra Ansari

    Pakistan’s entertainment industry, especially itsPunjabi films made in Lahore, has always been known for its intellectual richness. However, veteran actress Bushra Ansari believes there’s a big attitude problem within the province that’s preventing it from growing. 

     Appearing as a guest on Ahmed Ali Butt podcast, the Kabhi Main Kabhi Tum actress didn’t hold back her thoughts on the attitude problem she believes exists in Punjab.

     Reflecting on her own experiences, Bushra said, “I’m so sorry to say this, but I have to. I myself am from Punjab, and I must admit that there is an attitude problem in Punjab. People don’t acknowledge anyone, whether they are a big actor or a small one. Honestly, I’m saying this as a Punjabi myself, not accusing you but pointing out the reality.”

    “This is the environment of Punjab’s film industry and Punjabi television too. There is a lot of Punjabi influence. You all might not feel it as much because you live in a mixed environment, but from what I have seen from the beginning, I can say this,” she noted.

     Reflecting on her own career, Bushra shared how challenging it would have been if she had started off in Lahore. 

    “If I were in Lahore and starting my career in dramas, I wouldn’t be where I am today. I’m not talking about my childhood when I was a little girl wearing frocks and all the uncles used to show love and affection. But now, if I were in Lahore, I don’t think I would have been able to reach this position,” Bushra said. 

    The Seeta Bagri actress went on to praise the artistic environment of Lahore in the past, pointing out that the artists in Lahore were intellectually rich, the writers as well, and there were great people like Yawar Hayat Sahab, MNH, Muhammad Nisar Hussain Sahab, and Nusrat Thakur. “I grew up playing in their lap. But when I grew up, or when I came to be a heroine, I didn’t think I would get the growth here that I got in Karachi, the kind of growth that I got here, with respect and dignity, I never saw this in Lahore.”

    Some critics may think that Bushra’s criticism of Punjab is too harsh, and that regional bias influences the entertainment industry. They might also argue that her comments about Lahore’s film culture overlook the hard work behind classic like Jeeva, Sangam, Choorian and Chor Machai Chor. These films from the 90s played a vital role in shaping Pakistan’s industry.

  • Tahir Ashrafi hints at mobilising five lac supporters if govt caves in to Fazlur Rehman

    Tahir Ashrafi hints at mobilising five lac supporters if govt caves in to Fazlur Rehman

    Chairman Pakistan Ulema Council Hafiz Tahir Ashrafi, while addressing a conference on Seminary Reforms and Registration in Islamabad on Monday, indirectly warned the government of mass mobilisation if the existing system of religious school registration was not maintained.

    Hafiz Tahir Ashrafi said, “This statement may sound harsh. We have enough madrassas in Islamabad which can easily mobilise twenty-five to thirty thousand people: and if Maulana Tayyab Tahiri were informed, then five to six lac supporters will arrive.

    “Someone else may have manpower in the realm of politics, but in the field of madrassas, we have manpower numbering in the hundreds of thousands,” he warned.


    Hafiz Tahir Ashrafi remarked, “Separate platforms exist for politics; we will not allow playing with the future of hundreds of thousands of students of seminaries.”

    Ashrafi passed the comments after Maulana Fazlur Rehman demanded revisions in the seminary registration process.

    Ashrafi criticised JUI-F’s demand, highlighting a 2019 agreement that settled the registration issue, warning against repetitive demands for new laws.

    “You accepted the agreement in 2019 and are now demanding a new law; you will demand another law after four years,” Tahir Ashrafi lamented.

    It should be mentioned here that Ashrafi is of the view that madrassas are educational institutions and should, therefore, be registered under the Ministry of Education. However, Maulana Fazlur Rehman maintained that madrassas should be registered under the Ministry of Industries, and the government should revive the 2019 madrassas registration process.

    Societies Registration Amendment Act 2024 was passed along with the 26th Constitutional Amendment, according to which it was decided that the madrassas registration would brought under the Societies Act 1860.

    However, following the approval from the parliament, President Asif Ali Zardari objected to the bill (Societies Registration Amendment Act 2024) and sent it back to the parliament.

    On Monday conference along with Ashrafi, Federal Minister for Information and Broadcasting Attaullah Tarar, while commenting on the Madrassa Bill, stated that it could not become law due to some legal complications, adding, “the suggestions given by the scholars had been noted, and the final solution would be found after thorough consultations.”

    “Registration of 18,000 Madrasahs is the result of the efforts of the Department of Religious Education”, he added.

    Meanwhile, reacting to the conference on seminary reforms and registration, Maulana Fazlur Rehman in a press conference at Charsadda on Monday said that his party doesn’t want confrontation with the state, but registration of seminaries. “They wanted to give us a new system in 2019, but it was just an agreement,” he said.

    “All relevant stakeholders, including the agencies, agreed on the bill, which the National Assembly and the Senate later passed,” he said, asking why President Asif Zardari returned the amendment bill?

    He also accused the authorities of pushing the seminaries towards extremism, alleging that they want to control the religious seminaries on orders of the Financial Action Task Force (FATF), the International Monetary Fund (IMF), the United States and the West.

  • Champions Trophy’s future is likely to be decided by tomorrow

    Champions Trophy’s future is likely to be decided by tomorrow

    The Pakistan Cricket Board (PCB) has decided to continue pressuring the International Cricket Council (ICC) over its demand for the Champions Trophy. The final decision on the hosting of the Champions Trophy and the hybrid model is expected to be made on Wednesday, 11 December.

    There is a strong likelihood that the tournament will follow the hybrid model, which will also apply to all events scheduled in India until 2027.

    Meanwhile, the PCB has taken a firm stance in while advocating for the hybrid model, arguing that India’s security concerns about sending a team to Pakistan are unfounded. The PCB has stated that if India does not send its team to Pakistan, it will not send its own team to India for any future ICC events.

    According to an informal agreement between the two boards, the hybrid model will be used for all ICC tournaments. This will include the Champions Trophy, the Women’s World Cup, and the T20 World Cup in 2026, all of which will follow the same format.

    The PCB has also demanded that the issues between the Pakistan and India boards regarding the ICC Champions Trophy be incorporated into the host agreement, though no further details have been disclosed.

    The Champions Trophy will be held in Pakistan in February and March next year, in 2025, but the final schedule has not yet been confirmed as India has refused to participate.

    However, with the deadlock between Pakistan, the International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) on the hosting of Champions Trophy 2025 continuing, Australian, New Zealand and South African cricket boards have reacted to the impasse.


    According to reports, the three cricketing boards have expressed displeasure and asked the ICC to put an end to uncertainty surrounding the event. They have said that all boards should be given an update and the matter should be resolved at the earliest.


    “The schedule for the Champions Trophy 2025 has not been announced yet; the ICC should now decide what will happen in the Champions Trophy and the next tournaments. If India is refusing to go to Pakistan this time, it [ICC] can forbid it from going to any country in the future. A solution should be found for this,” reports quoted a joint statement as saying.


    Meanwhile, the Pakistan Cricket Board (PCB) maintains that Pakistan will not back down from its position until the BCCI accepts the demands in writing. The Pakistani government does not want to take any kind of risk this time and the matter will move forward if a written guarantee is received, reports said.

  • Squid Game Season 2 grabs Golden Globe nomination before premiere

    Squid Game Season 2 grabs Golden Globe nomination before premiere

    Netflix’s Korean giant hit Squid Game, the story of a deadly game for financially troubled people competing for a life-changing prize, was a global hit, breaking streaming records across the world.

    The highly anticipated Season 2 has scored a nomination for Best Television Series at the Golden Globe Awards 2025, weeks before its premiere.

    The show, which is Netflix’s most-watched series ever, was nominated in the Best Television Series – Drama category. It stands alongside other big names like The Day of the Jackal, The Diplomat, Mr and Mrs. Smith, Shogun, and Slow Horses.

    Unlike the other shows that have already aired, Squid Game Season Two is set to release on December 26. It’s rare for TV shows to get nominated before their release, but the Korean smash has changed the trend.

    For a show to be eligible for the Golden Globe Awards 2025, it must have premiered in 2024 and submitted episodes by November 4. The first season of Squid Game received three nominations and won Best Supporting Actor for O Yeong-su.

    In the comedy/musical categories, frontrunners include ‘Emilia Pérez,’ ‘Wicked,’ and ‘Anora.’ For drama, top contenders are The Brutalist, Conclave, and Dune Part Two. In TV, Shogun, Squid Game, Hacks, and Only Murders in the Building lead the pack.

    The Golden Globe Awards 2025 ceremony, hosted by comedian Nikki Glaser, will air live on January 5.